No stopping this wild ride

By Paul R. La Monica, CNNMoney
2008-10-23 12:41:56

NEW YORK (CNNMoney.com) -- Pass the Dramamine. Every time it seems that one financial crisis is resolved, another shoe drops. And it's starting to look like there are more shoes than in Imelda Marcos' closet.

Earlier this summer, investors were terrified about runaway commodity prices and inflation. Now oil is below $70 a barrel.

So jittery investors turned their attention to the frozen credit markets. Now those too are showing signs of improvement following aggressive government action.

The latest worry: corporate profit forecasts.

A wide range of companies have issued disappointing forecasts in recent days, including consumer-tech giants Amazon.com (AMZN, Fortune 500) and Apple (AAPL, Fortune 500); industrials like DuPont (DD, Fortune 500); and transportation firm Ryder Systems (R, Fortune 500).

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	No stopping this wild ride By Paul R. La Monica, CNNMoney 2008-10-23 12:41:56 NEW YORK (CNNMoney.com) -- Pass the Dramamine. Every time it seems that one financial crisis is resolved, another shoe drops. And it's starting to look like there are more shoes than in Imelda Marcos' closet. Earlier this summer, investors were terrified about runaway commodity prices and inflation. Now oil is below $70 a barrel. So jittery investors turned their attention to the frozen credit markets. Now those too are showing signs of improvement following aggressive government action. The latest worry: corporate profit forecasts. A wide range of companies have issued disappointing forecasts in recent days, including consumer-tech giants Amazon.com (AMZN, Fortune 500) and Apple (AAPL, Fortune 500); industrials like DuPont (DD, Fortune 500); and transportation firm Ryder Systems (R, Fortune 500).